SVG

PM counts 2nd sparrow in search for economic summer

KINGSTOWN, St. Vincent – Prime Minister Dr. Ralph Gonsalves has counted a second sparrow as this country hopes for an economic summer after at least three years’ winter.

“… the numbers look, compared to 2011, better; but, as I said when I answered in respect of January, … one swallow does not a summer make. And two swallows do not a summer make,” he told Parliament Monday in response to a question from Opposition Leader Arnhim Eustace.

“In the first month [of the year], we did not see a deficit. We see a deficit in the second but, compared to last year, there’s an improvement,” he further said of the fiscal outturns for the first two months of the year.

As of February this year, total revenue and grants was EC$58.9 million (US$21.81 million), compared to EC$70.39 million (US$26.07 million) year-on-year.

Current revenue was EC$58.59 million (US$21.70 million) while it was EC$66.70 million (US$24. 07 million) this year.

Capital revenue and grants, at the end of February, stood at EC$396,000 (US$146,667) while the figure was EC$3.67 million (US$1.36 million) year-on-year.

As of February 29, total expenditure in 2012 stood at EC$82.76 million (US$30.65 million) compared to EC$73.17 million (US$27.10 million) last year, while recurrent expenditure was EC$81.06 million (US$30.02 million) and EC$72.8 million (US$26.96 million) in 2011 and 2012, respectively.

The current balance registered a deficit of EC$22.4 million (US$8.29 million), compared to a deficit of EC$6.1 million (US$2.26 million) last year even as the overall balance, after grants, was EC$23.17 million (US$8.58 million) and EC$2.78 million (US$1.03 million), respectively.

“So an improvement compared to last year. But, again, I caution, and given the volatility which exist. But we are always trying to mix, as we say, prudence and enterprise,” Gonsalves told lawmakers.

He said that on the recurrent expenditure side, there was a 28.5 per cent decline in interest while there was a 28.7 per cent decrease in transfers and subsidies.

“So we are trying to hold the statutory enterprises on a tight leash,” Gonsalves said.

The local economy declined for the three years ending 2010, and was the only one among 32 countries in Latin America and the Caribbean that the International Monetary Fund said would record negative growth in 2011, even as the government said there would be 0.4 per cent growth.

Follow our Feed, Follow on Facebook, Follow on Twitter

Advertisements

Discussion

7 thoughts on “PM counts 2nd sparrow in search for economic summer

  1. More crap, we have already had this crap from Gonsalves, January always reflects Christmas turnover. Forget the good figures for January.

    The February figures are still dreadful for both years, and March is already proving to be a wipe out on last year.

    “I am here to finish the work of Maurice Bishop”.

    Posted by Peter | March 28, 2012, 19:10
  2. Pm praying to his Karma for improvement. But let me remind him there is no luck nor magic in this thing. Just what you sow, you would reap. You sowed nothing of worth, you reap nothing of worth. I thought you were intelligencia, PM. Again, I am disappointed in you.

    Posted by justice | March 29, 2012, 17:31
  3. The most economic summer donkey Gonsalves can look forward to is a stay free of charge at Bell Isle prison at some time in the future.

    I understand that there will female warders there as well at some future juncture, just make sure they are safe from sexual predators at the prison. We don’t want to make it any cosier than the proposed TV in the cells, no 4am walks or whatever.

    Donkey + Horse = Mule

    Posted by Peter | April 1, 2012, 17:39
  4. “The current balance registered a deficit of EC$22.4 million (US$8.29 million), compared to a deficit of EC$6.1 million (US$2.26 million)”. So the deficit or the amount that the government fell short, is more that last year and yet Gonsalves is saying that we are doing better, Is this guy for real?. No body is going to believe that St Vincent is doing any better than last year Mr Prime Minister, you yourself already gave us the figures, stop trying to make us look like fools. You are without a doubt the worst Prime Minister our country has ever seen, and it’s not just my opinion, it’s the fact, no other PM in our country has ever made our economy go backwards 4 years in a row. You have never realized the position that you hold and the lives that are affected, by you and your nonsense.People in St Vincent are going to sleep on hungry belly on a daily basis and this guy is talking about us getting better, maybe the Ndp did that too. ahahaha.

    One of the first and the biggest lie Gonsalves ever told, was, he told the rastaman them, that he was going to legalize marijuana and the stupid rastaman them believed him and came down from the hills, in the thousands to vote, and as soon as he got into power he formed the black quad and started to lock up the very same rastaman them, he promised lagally weed. After telling such a lie, i said i wasn’t going to be surprise by this guy again, but now, to make a statement and contradict what you said in the next sentence in less than 5 minutes has got to be a new record, Mr Gonsalves. Rape, a man who would rape and rob women of their dignity would have no problem to rape and abuse a nation. Trying to change the law to make it more difficult for women to report rape hahaah, the more i type the more i have to laugh, it sounds like a fairytale, How could people still support such a man is beyond me.

    Calling Vincentians “Little people” on stage while people are cheering for him, well guess what Gonsalves, i am not one of your little people, I am a citizen of St Vincent and the Grenadines and one that is not going to sell out my country to no man, not even the prime minister.Gonsalves is a man who went down to Raffles hotel in Canouan and told the hotel to pay the Vincentian staff in EC instead of US dollar, effectively cutting their pay by more than half. A man who victimize and mistreat more than half of his country because they do not want to wear his mark. The way that you threat people with disdained and hate is more like a beast not a man, and for those who believe in the bible, i want to remind you that, only those who carry the mark of the beast are going to be the ones that are going to have it easy, this man wants you to wear red, carry your party card, and put his sticker on your car or you won’t get anywhere, Isn’t that the mark that you have reading about. Where is you faith now to stand against evil? But i see now that St Vincent is filled with a bunch a Judas who sellout their countrymen for scraps from the Gonsalves table.

    What a shame and discgrace, spit in yo hand and hole yo face.

    Posted by blane | April 2, 2012, 05:51
  5. Blane your post is good and healthy, its a pity that I didn’t remember those things to post, anyway thanks for the reminder, least we forget.

    Lets just hope that the Whale on the beach turns out to be Gonsalves, there is a great similarity, keep your fingers crossed.

    Posted by Peter | April 2, 2012, 13:48
  6. The cross country road finally finished,you can drive around the island now,watch the local stadium,integrity legislation,yay ulp you go girl

    Posted by Belmar | April 2, 2012, 14:32
  7. BELMAR, I hope your not trying upset Gonsalves with your sacasm. VINCYPOWA, chief cottager, will never forgive you.

    Posted by Peter | April 17, 2012, 20:43

I-Witness News’ tweets

Archives

%d bloggers like this: